On January 20, 2022, the Board of Directors of Transportation and Logistics Systems, Inc. elected Charles Benton (age 71) to the Board of Directors of the Company to serve until his successor is elected and qualified. Mr. Benton will serve as Chairman of the Company's Audit Committee and will serve on the Company's Compensation Committee. Mr. Benton was appointed to the Board based on his extensive experience in the transportation and supply chain industries and his experience with the boards of directors of publicly-traded companies, including his various roles, such as Chairman and on governance committees. Currently, he serves as a director and Audit Chairman of Vision Hydrogen Corp. On January 20, 2022, the Board of Directors of the Company elected Norman Newton (age 55) to the Board of Directors of the Company to serve until his successor is elected and qualified. Mr. Newton will serve as Chairman of the Company's Nominating Committee and will serve on the Company's Audit Committee. Mr. Newton was appointed to the Board based on his high-level executive skills across a multiple of large organizations and his background in implementing digital technology in various areas relevant to the Company's plans and operations. Currently, Mr. Newton is the President and CEO of AmeriCasa Solutions, LLC, a vertically integrated provider of
housing to the Hispanic Community in the United States. Mr. Newton is also the Managing Director of Newton Vision Corporation, a privately held investment and consulting company with deep experience in business process reengineering, optimization, and digital transformation. On January 20, 2022, the Board of Directors of the Company appointed John Mercadante, a current member of its Board of Directors, to serve as Chairman of the Company's Compensation Committee and to serve on the Company's Nominating Committee.